'World's greenest' refinery pitched to process oilsands crude on B.C. coast
CALGARY - A $10-billion oilsands refinery is being pitched for British Columbia's north coast.
Vancouver-based Pacific Future Energy Corp. says the refinery will be the "world's greenest" and will be built in full partnership with First Nations.
The company says the refinery will be built in 200,000-barrel-per-day modules, with the ability to expand to a total of one million barrels per day.
It says it's in Canada's interest to ship its oil resources to global markets, but not at the expense of the environment.
Pacific Future's announcement comes just days before Ottawa is set to decide on Enbridge Inc.'s (TSX:ENB) contentious Northern Gateway pipeline between Alberta and the West Coast.
The Pacific Future proposal â€” and another one planned by B.C. newspaper magnate David Black â€” would mean refined products, rather than heavy oil, would be shipped to Asia, making a spill less environmentally damaging.
Read more Business News
- Skeet range takes flackCentral Okanagan - 5:00 am
- No use for new taxi charge?Kelowna - 5:00 am
- PIB backtracks on BoonstockPenticton / S. Okanagan
- Search on for missing hikerCentral Okanagan - 7:30 am
|QHR Technologies Inc||1.20||0.00|
|Anavex Life Sciences||0.26||-0.0075|
|Copper Mountain Mining||2.84||-0.02|
|Sunrise Resources Ltd||0.035||+0.015|
|Mission Ready Services||0.165||+0.01|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...